Hey Ted,
CRUS (Management) had a great year!
They got huge bonuses for driving the stock to $9.
It is interesting, that the most worthless people at CRUS
get the highest pay!
Mike for just being there, Ed for underloading the fabs and George for
destroying the PC business!
SUMMARY COMPENSATION TABLE
The following table sets forth the compensation earned during the fiscal
years ended March 28, 1998, March 29, 1997, and March 30, 1996 by the
Company's Chief Executive Officer, the four highest-paid executive officers.
LONG-TERM
COMPENSATION
ANNUAL COMPENSATION AWARDS
----------------------- ------------
SECURITIES ALL OTHER
UNDERLYING COMPENSATION
NAME AND PRINCIPAL POSITION YEAR SALARY(1) BONUS OPTIONS(2) (3)
--------------------------- ---- --------- -------- ------------ ------------
Michael L. Hackworth..... 1998 $397,488 $680,672(4) 850,000 $ 1,000
President, Chief
Executive 1997 397,488 -- 150,000 1,000
Officer and Chairman 1996 397,488 -- -- 313,078
Edward C. Ross........... 1998 275,000 355,440 215,000 51,000(5)
President, Technology and 1997 251,924 -- 75,000 1,000
Manufacturing Group 1996 145,193 -- 100,000 1,000
George N. Alexy.......... 1998 289,406 246,752(4) 190,000 1,000
Senior Vice President, 1997 235,958 -- 50,000 1,000
Corporate Marketing 1996 231,504 -- 50,000 133,093
Eric J. Swanson.......... 1998 198,000 265,710 160,000 26,069(6)
Vice President and 1997 -- -- -- --
Chief Technical Officer 1996 -- -- -- --
Steven Dines............. 1998 195,680 266,524 137,126 1,000
Vice President and
General 1997 -- -- -- --
Manager, Mass Storage
Products Division 1996 -- -- -- --
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